SM Line announced last week that they will be restructuring their Transpacific service with 2M (Maersk Line and MSC) affective April 1, 2020. This new service change will replace their independent PSW service (CPX) with two services in joint operation with 2M. They will deploy two 11,000TEU class vessels in cooperation on PS1 (TP8/Orient) and … Continued
Due to the rapidly spreading Coronavirus, the Chinese government has announced the extension of the Chinese New Year holiday to February 2nd and many of the municipal governments are extending the holiday until February 9thThe following. areas have extended the holiday: Shanghai, Guangdong Province, Fujian Province, Zhejiang Province and Jiangsu Province. As of now, all … Continued
Original Article, SupplyChain Dive, Author Shefali Kapadia Seven out of ten manufacturing executives agree that a prolonged trade war would lead to a global recession, with 61 percent suggesting that this year’s recession is imminent, according to a LevaData survey of over 100 manufacturing and manufacturing executives across the automotive, consumer goods, life sciences, industrial … Continued
Original Article, SupplyChain Dive, Author Morgan Forde Last week the U.K. House of Lords approved Prime Minister Boris Johnson’s EU Withdrawal Agreement Bill unamended. It now waits the Queen’s signature before becoming law and paving the way for the country to exit the EU. This gives Johnson more time to draw up a new trade … Continued
Original Article, SupplyChain Dive, Author Matt Leonard Supply Chain Dive, an industry publication providing insight into the supply chain management sector, reports that trucking demand, measured by DAT’s load-to-truck ratio, showed signs of growth across van and reefer volume in December, but flatbed demand was down. DAT also reported that year-over-year spot rates across the … Continued
Original Article, Blumberg, Authors Maeva Cousin and Tom Orlik The US/China partial trade deal commits China to buy an extra $200 billion in American products over the next two years. This will require China to shift purchases with other nations which Bloomberg Economics says puts other markets at risk. In 2017, the baseline year for … Continued
